US stock slide Spurs international oil price rally

Source: Internet
Author: User
Keywords Oil
Tags closed market market expectations released stock the new the new york
Xinhua New York, December 16 (Xinhua) as the U.S. trade in crude oil and product inventories fell more than market expectations, international oil prices 16th, the New York market oil prices closed at $72 per barrel. The U.S. Department of Energy released the inventory report on the same day, as of last week, the U.S. trade in crude oil inventories fell 3.7 million barrels, including heating oil, oil inventories fell by 2.9 million barrels, the decline far exceeded the market earlier expectations.  Affected by this, the international oil prices in the early decline after a strong rebound.  The Organization of Petroleum Exporting Countries (OPEC) will meet in Angola on 22nd, and the market is expected to maintain its existing output at the current level of oil prices. By the end of the day, the New York Mercantile Exchange's light crude oil futures, delivered in January next year, rose $1.97 to $72.66 a barrel, up 2.8%. London's North Sea Brent crude futures prices rose 1.51 U.S. dollars, closed at 73.56 U.S. dollars.
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